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TEXAS, INC., P. 0. Box 2510, Lufkin, Texas 75901. I
It is ordered by the Court that the County Treasurer and County Auditor be authorized to
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~ draw a voucher on the General Fund in the above amount, payable to W.E.S. OF TEXAS, INC.
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N0. 15376 APPROVAL OF ADDITIONAL SOIL BORINGS IN THE LANDFILL AREA
I On this the 24th day of February 1984, upon motion made by Commissioner Holland, seconded
h by Commissioner Lich, the Court unanimously approved of additional soil borings in the Land-
!~ fill Area, as recommended by the City/County Landfill Committee at their meeting of January
19th, 1984.
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COURT ADJOURNED FEBRUARY 24th, 1984 at 12:05 o'clock P. M.
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I COURT CONVENED IN SPECIAL SESSION FEBRUARY 27th, 1984 at 4:20 o'clock P. M., with
the following officers present:
GORDON S, MORRISS County Judge
FRED HOLLAND Commissioner Precinct No. 1
EDWARD D. HIGGINS Commissioner Precinct No. 2
VICTOR LICH Commissioner Precinct No. 3
i BILLY JOE GUTHRIE, JR. Commissioner Precinct No. 4
'',and the Court having duly opened, the following proceedings were had:
N0. 15377 RESOLUTION APPROVING PROJECT WITH RESPECT TO
KERR COUNTY INDUSTRIAL DEVELOPMENT CORPORATION
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(THE BANK OF KERRVILLE PROJECT) SERIES 1984
AND APPROVING AGREEMENT BY KERR COUNTY
INDUSTRIAL DEVELOPMENT CORPORATION TO ISSUE
SUCH BONDS FOR THE BANK OF KERRVILLE
WHEREAS, THE Kerr County Industrial Development Corporation (the "Issuer") was
created by Kerr County, Texas (the "Unit") pursuant to the provisions of the Development ',
Corporation act of 1979, Article 5190.6, Vernon's Texas Civil Statutes, as amended (the "Act")~
and
WHEREAS, pursuant to the Act, the Issuer, on behalf of the Unit, is empowered to
~~ issue bonds for the purpose of defraying the cost of any'}~roject" defined as such by the Act;
WHEREAS, the Act defines "project" to include land, buildings, equipment, facilities;
and improvements that are (i) located in a federally designated economically depressed county
of less than 50,000 persons according to the last federal decennial census, and (ii) found
by the board of directors of the Issuer to be required or suitable for the promotion of
commercial development and expansion and in furtherance of the public purposes of the Act, or
for use by commercial enterprises;
WHEREAS, the Unit has been designated as a_economically distressed county by the
Economic Development Administration, a federal agency; and the Unit has less than 50,000
persons according to the last decennial census;
WHEREAS, The Bank of Kerrville ( the "User") has requested the Issuer to finance
the cost of a project (the "Project") consisting of certain lands, buildings, equipment,
facilities, and improvements within the boundaries of the Unit;
WHEREAS, there has been presented to the Commissioner's Court (the "Governing Body")
of the Unit a description of the Project, a copy of which is attached hereto as Exhibit A;
WHEREAS, the board of directors (the "Board") of the Issuer has, by a Resolution
Concerning Issuance of Bonds to Finance a Project for The Bank of Kerrville adopted February
_3, 1984 (the "Issuer Resolution"), agreed and declared its intent to issue its limited